Mid Penn Q3 earnings climb to $21.6 million as profit rises

• Mid Penn reported Q3 2026 net income of $21.6 million, up 18.2% from $18.3 million a year earlier.
• Total loans increased 16.9% to $5.6 billion, while deposits rose 14.1% to $6.1 billion, supported by acquisitions.
• Mid Penn declared a quarterly dividend of $0.23 per share, payable November 13, 2026, while pursuing branch closures to reduce expenses.

Mid Penn Bancorp (NASDAQ:MPB) reported third-quarter 2026 net income available to common shareholders of $21.6 million, up 18.2% year over year.

Earnings increased from $18.3 million a year earlier, while diluted earnings per share rose to $0.84 from $0.79.

Adjusted diluted earnings per share reached $0.88, excluding $1.3 million in non-recurring expenses and $789,000 in non-recurring income.

Total loans increased 16.9% to $5.6 billion, while deposits rose 14.1% to $6.1 billion, partly reflecting the 1st Colonial acquisition.

Mid Penn declared a $0.23 quarterly dividend payable November 13, 2026, while expecting expense savings from financial center closures.

Net interest margin declined to 3.92% from 4.06% sequentially, but increased from 3.60% in the third quarter of 2025.

The William Penn and 1st Colonial acquisitions contributed to annual earnings growth, while tangible book value per share increased to $28.26.